Meaning ● Frugal Technology Adoption, within the sphere of Small and Medium-sized Businesses (SMBs), represents a strategically cost-conscious approach to integrating technological solutions, focused on maximizing return on investment. This often involves leveraging open-source software, cloud-based services, and readily available tools to enhance operational efficiency and achieve automation goals without incurring substantial capital expenditures. ● SMBs using this strategy may prioritize scalable solutions that can grow alongside their business, ensuring technological upgrades align with business expansion and increasing market share.
